Binh duong youth worker and labour support centre

Female workers make shoes at Song Than Industrial Park in Binh Duong province’s Di An city. (Photo: VNA) Sydney (VNA) – The Vietnamese Embassy in Australia, the People’s Committee of Binh Duong province and the Victoria state government jointly held a Vietnamese business forum on May 24, aiming to introduce the potential and investment opportunities in the southern Vietnam province. Binh Duong province in particular, particularly those on support for small and medium enterprises. Business Forum in Melbourne, Victoria. Australia 's second largest trading partner with bilateral turnover reaching 113.7 billion AUD (more than 80 billion USD) in 2019-2020. Investment from both sides hit over 259 billion AUD and 242 billion USD in 2019 and 2020, respectively. VNA … [Read more...] about Forum seeks to promote investment from Australia into Vietnam

Illustrative image. (Photo: VNA) Localities in the region have also organized investment promotion workshops to popularize Vietnam’s investment environment and its advantages and potential. In mid-May, Pandora, a Danish jewelry manufacturer, announced that it will invest US$100 million to build a new facility in the Vietnam Singapore Industrial Park (VSIP) in the southern province of Binh Duong under a memorandum of understanding signed between two sides. Jeerasage Puranasamriddhi, Chief Supply Officer of Pandora group, said they have chosen Binh Duong province for the availability of skilled workforce, its infrastructure and proximity to international airports, adding that the enthusiasm, support and strong commitment the group receives from the local administration was also a reason. According to the provincial People’s Committee, in the first four months of this year, Binh Duong attracted a total of $2.35 billion in 16 new projects, nine existing ones, and from the … [Read more...] about Key southern economic region a magnet for FDI

The Van Phong 500kV transformer station under construction in Khanh Hoa province (Photo: VNA) Hanoi (VNA) – Vietnam Electricity (EVN) said it will make adjustments to the power grid to ensure power supply for daily public energy use in the second quarter - the peak of the dry season, when power generation becomes a serious issue. Daily consumption in April was estimated at 779 million kWh while load power stood at about 42,124 MW, rising 5.3 percent year on year. Difficulties are likely to linger on this season in terms of coal supply for thermal power plants . The State-owned group said coal shortages were recorded in Q1, at 1.36 million tonnes lower than the contracted volume, forcing thermal power plants to cut turbines, reducing output by 1.365 billion kWh. Facing that reality, the firm worked with coal suppliers to find solutions and reported the problem to authorities. EVN flexed its fleet of hydropower plants so as to guarantee both power generation … [Read more...] about Vietnam Electricity gearing up to keep lights on for dry season

Participants at the event (Source: Vietnam Mission to ASEAN) Jakarta (VNA) - Ambassador Nguyen Hai Bang , Permanent Representative of Vietnam to ASEAN , has co-chaired the 9th meeting of ASEAN-Korea Joint Cooperation Committee (AKJCC) with the Republic of Korea (RoK)’s Ambassador to ASEAN Kwon Hee-seog. During the meeting on May 24, the two sides noted the progress made in the ASEAN-RoK cooperation over the past year, including following up on the outcomes of the 22nd ASEAN-RoK Summit in October 2021 and activities to implement various areas of cooperation under the ASEAN-RoK Plan of Action (2021-2025). Within the framework of the key cooperation mechanism - the ASEAN-Korea Cooperation Fund (AKCF), 20 projects are being implemented with a total investment of 56 million USD, focusing on five priority areas of education and training, the environment, economic recovery, culture and tourism, and health. In addition, there are nine projects waiting for approval, … [Read more...] about Vietnam co-chairs ASEAN-Korea Joint Cooperation Committee’s meeting